Green investor Andrew Forrest threatens to quit UK after Sunak pledges new oil and gas August 1, 2023 A major green technology investor has threatened to take his money out of the UK, after the government announced fresh oil and gas licensing.
Crash warning: House prices slump in July as market hits 2009 lows August 1, 2023 House prices have slumped by 3.8 per cent year on year, the latest closely watched figures from Nationwide show, as a season of high interest rates and weak consumer confidence continues to batter the market. The figure is the weakest since July 2009, although it is only slightly lower than the -3.5 per cent recorded [...]
Metro Bank swings back to profit in first half as boss Frumkin claims ‘strategy is working’ August 1, 2023 Metro Bank achieved profitability in the first half of 2023 as the bank’s recovery from an accounting scandal continues. In the first half of the year the retail bank reported a pretax profit of £15.4m, swinging from a loss of £10.5m the year before when the bank faced significant restructuring and write-off costs. The second [...]
Can the Tories reclaim Britain’s towns again? The Red Wall vote is riding on it August 1, 2023 If the Conservatives want to win the Red Wall, they need to fall back in love with towns.
Trade bodies back government’s embrace of North Sea oil and gas industry August 1, 2023 Trade bodies across the energy industry has welcomed the government's decision to support the North Sea's oil and gas sector.
Are central banks to blame for the inflation crisis? August 1, 2023 As we enter what looks like the final leg of central banks’ interest rate rising journeys, it’s as good a time as ever to trace why they have been jolted into action after over a decade of ultra loose policy and whether their response to the inflation crisis has been effective. Coming out of the [...]
Review: The Great Scotland Yard hotel is the Westminster hotel combining novelty and comfort July 31, 2023 Victorian police paraphernalia, like old truncheons and hats, on display next to interesting illustrations of life in prison, drawn by current inmates. This is the interesting vibe in the lobby of the The Great Scotland Yard hotel, which was formerly a police headquarters. The atmosphere is an intriguing mix of novelty and comfort. First off, [...]
Labour slams Rishi Sunak’s plans to boost North Sea oil and gas July 31, 2023 Rishi Sunak's energy policies are "weak and confused" and will "not take a penny off bills", said shadow climate secretary Ed Miliband.
Government backs carbon capture and storage to meet net zero goals and boost North Sea industry July 31, 2023 The government has announced the latest winners of its carbon capture and storage approval process.
Why the windfall tax is here to stay after today’s bombshell oil and gas announcements July 31, 2023 The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.